Dell Is Said to Acquire VMware’s $17 Billion Tracking Stock

Dell Technologies Inc. will buy out its tracking stock to give it greater control over VMware Inc., a person familiar with the matter said. While VMware will remain independent for now, the move could make it easier for Dell to buy out the rest of the software maker later on.

Dell, the world’s largest private technology company, could announce as soon as Monday a proposed share swap to acquire the DVMT tracking stock, currently valued at about $17 billion,